[RPDaly]

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[Nucky]

Originally Posted by Bay Kid

I hear the bonds are pretty high. Get a good agent and they will be able to answer all your questions.

I really like a whole lot of your posts Bay Kid. That being said I've been on TOTV'S for a few days now and have learned to NEVER take the word of a realtor or any salesperson as truth. Using it as a guideline to do further investigation sounds better.

Salespeople remind me of our youngest son. If you don't ask the exact deadhead question they don't do anything to give you the entire story. Give it a try. Ask your Realtor a question that you already are certain of the answer to and see what you get. I loved our sales lady but the bottom line is to get you to sign. PERIOD!

There is a one-sentence line on page 10 of the contract that mentioned the Bond. She never brought it up until I did at the very last minute before I forked over the 10%. She was Skooby Doooing her words cause I trapped her and she was embarrassed. Beware, quadruple-check everything cause once you sign that's the ballgame, Jack!

No Buyers Remorse Here. EVER!

[Pairadocs]

Originally Posted by Nucky

I really like a whole lot of your posts Bay Kid. That being said I've been on TOTV'S for a few days now and have learned to NEVER take the word of a realtor or any salesperson as truth. Using it as a guideline to do further investigation sounds better.

Salespeople remind me of our youngest son. If you don't ask the exact deadhead question they don't do anything to give you the entire story. Give it a try. Ask your Realtor a question that you already are certain of the answer to and see what you get. I loved our sales lady but the bottom line is to get you to sign. PERIOD!

There is a one-sentence line on page 10 of the contract that mentioned the Bond. She never brought it up until I did at the very last minute before I forked over the 10%. She was Skooby Doooing her words cause I trapped her and she was embarrassed. Beware, quadruple-check everything cause once you sign that's the ballgame, Jack!

No Buyers Remorse Here. EVER!

You really hit that old "nail on the head". LOVED your example of your youngest son, so true how carefully they "craft" their answer to it sounds as if they are answering, yet NOT volunteer anything. A buyer simply has no choice but to learn to play their game. Our oldest son once replied to the question: Did you pick up your books you left on the stairs (where he also left his gloves and a few other things) ? "Yes, I picked up the book" ! ! He would have made a good real estate sales person ! If you want to really have a fun day, ask your sales person to explain how the tee time/points system works....LOL ! Or why you must PURCHASE passes to enter public streets/gates, when there is a faster, easier way, called "visitor" lane where "visitors" are never stopped or questioned... that's another interesting range of answers, they all make it up as they go along...LOL ! Just have to smile and enjoy whatever you decided on !

[Altavia]

Originally Posted by roadrnnr

Using the calculator it seems the selling price would be the appraised value, correct.

Using wildwood as an example, PT on a $400000 house would be about $5500 without the bond.

Am I seeing this correctly?

Should be close,aubr up to $1k lower if you qualify for homestead exemption.

Insurance on the newer homes can be lower than those not built to the current hurricane/wind mitigation standards.

[roadrnnr]

Originally Posted by RPDaly

The Assessed Value which is what the property tax is based on is never the same as the selling price from my experience. The property I bought here in 2021 was assessed at about 90% of my purchase price. I have no idea if there is a standardized formula to determine assessed value and it can vary from county to county. Once you establish residency you can then apply for homestead exemptions that reduce the taxable value that you will pay taxes on. Plenty of threads on the subject

I was going by what it says on the tax calculator in Sumter county. It says" the selling price is the appraised value"

I have never seen that hear where I live. They re asses the property's every 10 years but it is always a 0 sum gain

For example when I bought my house hear it sold for $360K but the asessed Value first tax bill was like $310K

[thelegges]

Originally Posted by Nucky

I really like a whole lot of your posts Bay Kid. That being said I've been on TOTV'S for a few days now and have learned to NEVER take the word of a realtor or any salesperson as truth. Using it as a guideline to do further investigation sounds better.

Salespeople remind me of our youngest son. If you don't ask the exact deadhead question they don't do anything to give you the entire story. Give it a try. Ask your Realtor a question that you already are certain of the answer to and see what you get. I loved our sales lady but the bottom line is to get you to sign. PERIOD!

There is a one-sentence line on page 10 of the contract that mentioned the Bond. She never brought it up until I did at the very last minute before I forked over the 10%. She was Skooby Doooing her words cause I trapped her and she was embarrassed. Beware, quadruple-check everything cause once you sign that's the ballgame, Jack!

No Buyers Remorse Here. EVER!

Our first and 2nd agents were closed mouth on bonds, taxes and anything pertaining to cost of living. We had done our homework, so there were no surprises for us.

We moved on to our third agent, that discussion is about bonds, taxes, Wildwood (south of 44) and the new villages that would be Lake county. We consider him a friend first, feel comfortable with buying or selling with his expertise. Bought 1 house, built 1 house, and he has sold 2 of our homes and about to list a third.

[Nucky]

Originally Posted by thelegges

Our first and 2nd agents were closed mouth on bonds, taxes and anything pertaining to cost of living. We had done our homework, so there were no surprises for us.

We moved on to our third agent, that discussion is about bonds, taxes, Wildwood (south of 44) and the new villages that would be Lake county. We consider him a friend first, feel comfortable with buying or selling with his expertise. Bought 1 house, built 1 house, and he has sold 2 of our homes and about to list a third.

I understand and feel that way about the Scooby Doo Saleslady. Overall, fantastic but my eyes are wide open all the time.

I went to Sumter County Town Hall today to do the license and registration change and saw the Property tax department while we were there. I got much better clearer answers than when I called them.

I was fortunate enough to have one realtor like you do that I fully trusted. It's because I had dirt on her and she wouldn't think about crossing me. What a great person. I was glad to have her on my side. I hope God willing that we never move from this perfect house again. So that means, I'm finished with realtors and the stock market and my mind can finally rest. It's been a haul moving and packing this time. I wanted to have a mover do it ALL but momma said no. If I had to do it all over again I would have sent her to see the grandchildren in N.J. and magically our stuff would have ended in the new house. We are unpacked now we just have to make it our home. I just sign checks and say YES DEAR! BUY IT SWEETHEART!

[joelfmi]

Beware there is A lot of smoke and mirrors tactics used to sell homes at the villages.

[glmlr2491]

All of the newer sections in Sumter County will be within the city of Wildwood which has annexed those areas. This will include the new Eastport area and Middleton, where the new schools and family areas are being built. For the east side of the turnpike, all of the new areas are in Lake county and in the city of Leesburg. Use the property assessors web site for each county to estimate the taxes and use Leesburg and Wildwood as the corresponding municipalities.

[bowlingal]

WOW...would NEVER buy in the new areas. So many houses there ( already used) are for sale. Incredible. Just look at the houses listed for sale in the Daily Sun, WHY are so many already for sale?? Makes you wonder doesn't it?

[BlueStarAirlines]

Originally Posted by bowlingal

WOW...would NEVER buy in the new areas. So many houses there ( already used) are for sale. Incredible. Just look at the houses listed for sale in the Daily Sun, WHY are so many already for sale?? Makes you wonder doesn't it?

LOL. This is a perfect example of having no idea but has a hidden agenda. Of course you wouldn't buy in the new area, you are in the north and really have no idea about the south.

[westernrider75]

Originally Posted by bowlingal

WOW...would NEVER buy in the new areas. So many houses there ( already used) are for sale. Incredible. Just look at the houses listed for sale in the Daily Sun, WHY are so many already for sale?? Makes you wonder doesn't it?

IMO there are so many for sale because people can make a bunch of money based on what they paid for them, I know we could! We bought at a good time in a hood location and don’t want to move again, but if we did there is money to be made for sure.

[nancyre]

Homestead - your primary home or not makes a huge difference.

[Marathon Man]

Originally Posted by bowlingal

WOW...would NEVER buy in the new areas. So many houses there ( already used) are for sale. Incredible. Just look at the houses listed for sale in the Daily Sun, WHY are so many already for sale?? Makes you wonder doesn't it?

It must be frustrating. Continue to make comments about the new area, but unable to persuade people not to buy there. Houses continue to sell as fast as they can build them. Property values in the south are moving skyward. Must be tough watching it from an outdated home.

[Altavia]

Originally Posted by BlueStarAirlines

LOL. This is a perfect example of having no idea but has a hidden agenda. Of course you wouldn't buy in the new area, you are in the north and really have no idea about the south.

Ignore user is our friend.